Deferred Payments
The practice of permitting students to pay their tuition charges over an extended period of time may add to the convenience of many students and reduce the economic barrier to their enrollment, but it involves a number of dangers and disadvantages. It complicates the accounting system required and involves unpleasantness in the collecting of overdue bills. It may encourage marginal participants to encumber themselves with debt when they should really be helped with scholarships. Some adult educators claim that the percentage of drop-outs among students making deferred payments is much greater than that among students who have paid in advance